Lobster fishermen vote to cut out buyers

Lobster fishermen represented by the FFAW have voted in favour of incorporating their own company to sell their catches — cutting out traditional buyers all together.

The news comes after buyers, represented by the Seafood Producers of Newfoundland and Labrador (SPONL), announced last week they were refusing to buy lobsters. SPONL claims that its members cannot afford to pay the price set down by the Standing Fish Price-Setting Panel.

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Stan

April 23, 2012 - 05:04

Well...finally!! This is the most sensible idea I've ever seen coming out of the FFAW union....ever. Instead of beating on businesses who are trying to make a living, they will now have to operate in the market environment that is based on what consumers are willing to pay. I have no idea if the traditional buyers had a point in not wanting to meet the price set by the pricing board, but certainly the union will now find out for sure if they can make a go of it. I hope they do. I'm not necessarily looking for fish merchants to go out of business, but if this idea works, maybe it can be extended to other species of fish, for which there has been little common ground between merchants and the union over the years.

HBG

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